Iron Horse Wealth Management LLC Has $50,000 Stock Position in Hershey Company (The) $HSY

Iron Horse Wealth Management LLC raised its position in Hershey Company (The) (NYSE:HSY) by 934.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300 shares of the company’s stock after purchasing an additional 271 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in Hershey were worth $50,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HSY. Pacer Advisors Inc. grew its stake in Hershey by 6,721.3% in the first quarter. Pacer Advisors Inc. now owns 819,446 shares of the company’s stock valued at $140,150,000 after purchasing an additional 807,433 shares in the last quarter. Royal Bank of Canada grew its stake in Hershey by 25.4% in the first quarter. Royal Bank of Canada now owns 2,753,077 shares of the company’s stock valued at $470,858,000 after purchasing an additional 557,056 shares in the last quarter. Scharf Investments LLC purchased a new position in Hershey in the second quarter valued at about $90,588,000. Charles Schwab Investment Management Inc. grew its stake in Hershey by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,991,639 shares of the company’s stock valued at $853,720,000 after purchasing an additional 356,249 shares in the last quarter. Finally, Amundi grew its stake in Hershey by 40.4% in the first quarter. Amundi now owns 1,237,107 shares of the company’s stock valued at $208,227,000 after purchasing an additional 356,105 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Hershey Price Performance

NYSE HSY opened at $195.04 on Friday. Hershey Company has a twelve month low of $140.13 and a twelve month high of $208.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.89 and a current ratio of 1.53. The stock has a market capitalization of $39.54 billion, a PE ratio of 25.90, a P/E/G ratio of 4.71 and a beta of 0.26. The stock has a 50-day simple moving average of $185.47 and a 200 day simple moving average of $173.19.

Hershey (NYSE:HSY) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.23. Hershey had a return on equity of 37.36% and a net margin of 13.54%.The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the firm earned $1.27 EPS. The firm’s revenue was up 26.0% compared to the same quarter last year. Hershey has set its FY 2025 guidance at 5.809-5.997 EPS. Research analysts anticipate that Hershey Company will post 6.12 EPS for the current year.

Hershey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a $1.37 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $5.48 annualized dividend and a yield of 2.8%. Hershey’s dividend payout ratio is 72.78%.

Analysts Set New Price Targets

HSY has been the subject of a number of analyst reports. Mizuho boosted their price target on Hershey from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Sanford C. Bernstein boosted their price target on Hershey from $155.00 to $179.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Wall Street Zen raised Hershey from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Stifel Nicolaus boosted their price target on Hershey from $160.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday, July 29th. Finally, Barclays boosted their price target on Hershey from $165.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Hershey presently has a consensus rating of “Reduce” and a consensus target price of $174.05.

Insider Buying and Selling at Hershey

In other Hershey news, CFO Steven E. Voskuil sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $180.00, for a total value of $900,000.00. Following the completion of the transaction, the chief financial officer owned 61,319 shares of the company’s stock, valued at $11,037,420. This represents a 7.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rohit Grover sold 1,334 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $180.00, for a total value of $240,120.00. Following the completion of the transaction, the insider directly owned 38,068 shares of the company’s stock, valued at approximately $6,852,240. This trade represents a 3.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,704 shares of company stock valued at $12,206,910 in the last quarter. Corporate insiders own 0.34% of the company’s stock.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.